Falling gilt yields pushed DB transfer values to a new record high of £265,200 on 28 October.
SIPP provider iPensions is expanding into the direct-to-consumer pension market with the launch of iSIPP, a digital consolidator for UK and international clients.
MPs in the House of Commons have rejected proposals from the House of Lords to retain the State Pension Triple Lock.
Adviser fintech firm Defaqto has added a new ESG client preference questionnaire and additional ESG data filters for DFM MPS and governed portfolios.
In the space of 24 hours earlier this month we had two new pieces of legislation which impact pension transfers. The fireworks started early on the anniversary of the discovery of the gunpowder plot, with the publication of the Finance Bill (No. 2) which includes the new rules on changes to normal minimum pension age (NMPA). Bonfire Night itself caused less of a bang with the introduction of the new rules on the statutory right to transfer.
Advised net flows reported a quarter-on-quarter decrease of 20.78% in the third quarter, according to a new report.